Democrat Jane Kim Advances in California Insurance Commissioner Primary Amid Coverage Crisis
Former San Francisco Supervisor Jane Kim, a Democrat, has advanced in the primary election for California's insurance commissioner race, according to projections by the Associated Press. The race is significant due to the ongoing state coverage crisis, with the insurance market under strain from frequent wildfires and rising costs. Kim, along with State Sen. Ben Allen and Republican Stacy Korsgaden, were key contenders in the primary. The insurance commissioner oversees the California Department of Insurance, which regulates the state's insurance industry, including rate approvals for various coverages. The current commissioner, Ricardo Lara, has reached his term limit. The race has gained attention due to the challenges faced by the insurance market, including insurers pausing or canceling policies in wildfire-prone areas, leading to increased reliance on the state's insurer of last resort.